Ethereum Price Today – 100x Scaling Coming To Ethereum, Vitalik Confirms By BTC Peers | Zoom Fintech
Upcoming 100x scaling Ethereum, Vitalik confirms
If the words of EthereumVitalik Buterin co-founder is quite apart, so issues like network congestion may soon become a thing of the past. In an interview with Naval Ravikant on the Tim Ferris podcast, the co-founder touched on some of the main bottlenecks in the Ethereum network.
While revealing that Optimism’s layer two solution will be released in the coming weeks, Buterin said he sees the Ethereum network scaling by a factor of 100.
Buterin shed light on rollups as an interim scaling solution. The secondary solution provides a way to process and store transaction information on a designated side chain before compiling transaction batches into Ethereummain network of. The rollups aim to alleviate existing scalability issues that the network is currently facing, which has resulted in network congestion and high gas costs. He noted:
Rollups are coming very soon and we are confident that by the time we need more scaling, sharding will already be ready for a long time.
Far from the layer-2 solution to be introduced by rollups, sharding is a layer-1 solution. The partitioning protocol will be published with the launch of Ethereum 2.0 and is designed to directly upgrade the network. But until then, Buterin claims that the rollups are enough to increase the performance of Ethereum of 100 times.
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